Fmr LLC Grows Stock Position in Chubb Limited (NYSE:CB)

FMR LLC lifted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,668,377 shares of the financial services provider's stock after purchasing an additional 91,892 shares during the quarter. FMR LLC owned about 3.89% of Chubb worth $4,329,173,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC increased its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after purchasing an additional 35 shares during the period. Raelipskie Partnership purchased a new stake in shares of Chubb in the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new position in Chubb during the fourth quarter worth $29,000. Finally, Crowley Wealth Management Inc. purchased a new position in Chubb in the fourth quarter worth $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 0.6 %

Chubb stock traded up $1.66 during trading on Friday, hitting $284.00. The company's stock had a trading volume of 701,293 shares, compared to its average volume of 1,629,492. The stock's fifty day moving average is $282.81 and its 200 day moving average is $281.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $306.91. The stock has a market capitalization of $113.72 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb's dividend payout ratio is presently 16.02%.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last ninety days. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CB. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. UBS Group boosted their target price on Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a research report on Wednesday. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. JMP Securities restated a "market outperform" rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $303.00.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.